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Measures a fund's risk-adjusted performance and represents the difference between a fund's actual performance and its expected performance, given its level of risk.
Gradual debt reduction. Normally, the reduction is made according to a pre-determined schedule for installment payments.
Annual Portfolio Turnover
A measure of how frequently assets within a fund are bought and sold.
An interest-bearing contract between an individual and a life insurance company that guarantees periodic payments to the indivdual during a specific time period.
An increase in value, the opposite of depreciation.